TIK LTD

Company Registration Number:
12347891 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

TIK LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

TIK LTD

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 3,452,157 2,102,934
Cost of sales: ( 2,154,157 ) ( 1,192,038 )
Gross profit(or loss): 1,298,000 910,896
Distribution costs: ( 16,254 ) ( 66,392 )
Administrative expenses: ( 302,154 ) ( 201,938 )
Operating profit(or loss): 979,592 642,566
Profit(or loss) before tax: 979,592 642,566
Tax: ( 186,122 ) ( 93,473 )
Profit(or loss) for the financial year: 793,470 549,093

TIK LTD

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 862,541 416,682
Investments: 4 550,000 550,000
Total fixed assets: 1,412,541 966,682
Current assets
Stocks: 5 534,831 245,638
Debtors: 6 572,568 414,859
Cash at bank and in hand: 300,215 239,144
Total current assets: 1,407,614 899,641
Creditors: amounts falling due within one year: 7 ( 295,214 ) ( 134,852 )
Net current assets (liabilities): 1,112,400 764,789
Total assets less current liabilities: 2,524,941 1,731,471
Total net assets (liabilities): 2,524,941 1,731,471
Capital and reserves
Called up share capital: 1,000,000 1,000,000
Profit and loss account: 1,524,941 731,471
Total Shareholders' funds: 2,524,941 1,731,471

The notes form part of these financial statements

TIK LTD

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 August 2023
and signed on behalf of the board by:

Name: GEMMA JACKSON
Status: Director

The notes form part of these financial statements

TIK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

TIK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 9 7

TIK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 323,400 15,489 9,865 15,845 85,236 449,835
Additions 325,480 25,986 19,365 67,812 66,454 505,097
Disposals
Revaluations
Transfers
At 31 December 2022 648,880 41,475 29,230 83,657 151,690 954,932
Depreciation
At 1 January 2022 2,774 3,823 6,381 20,175 33,153
Charge for year 6,598 8,534 22,135 21,971 59,238
On disposals
Other adjustments
At 31 December 2022 9,372 12,357 28,516 42,146 92,391
Net book value
At 31 December 2022 648,880 32,103 16,873 55,141 109,544 862,541
At 31 December 2021 323,400 12,715 6,042 9,464 65,061 416,682

TIK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Fixed assets investments note

Fixed Assets Investments is in the Cloud Services Market.

TIK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Stocks

2022 2021
£ £
Stocks 534,831 245,638
Total 534,831 245,638

TIK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Debtors

2022 2021
£ £
Trade debtors 572,568 414,859
Total 572,568 414,859

TIK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 109,092 41,379
Taxation and social security 186,122 93,473
Total 295,214 134,852